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Former U.S. Senator Joseph Manchin III Joins Board of Directors of Ramaco Resources Inc.
Prnewswireยท 2025-04-21 12:00
Core Insights - Ramaco Resources, Inc. has appointed former U.S. Senator Joseph Manchin III as an independent member of its Board of Directors effective April 18, 2025, bringing significant experience in energy policy and economic development [1][2]. Company Overview - Ramaco Resources, Inc. is a leading producer of high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is also developing coal, rare earth, and critical minerals in Wyoming [5]. - The company operates four active metallurgical coal mining complexes in Central Appalachia and is in the initial stages of production at a coal mine and rare earth development site near Sheridan, Wyoming [5]. - In 2023, Ramaco announced the discovery of a major deposit of primary magnetic rare earths and critical minerals at its Wyoming mine [5]. Strategic Importance of Appointment - Senator Manchin's extensive background in national defense and critical mineral supply chains is expected to provide valuable strategic advice as Ramaco advances its rare earth element development in Wyoming [3]. - His advocacy for metallurgical coal and the U.S. mining industry aligns with Ramaco's mission to secure America's energy and industrial future [4]. Leadership Perspective - Randall Atkins, Chairman and CEO of Ramaco, expressed that Senator Manchin's experience and insight will be invaluable as the company expands its role in developing domestically sourced minerals critical to national security [4]. - Senator Manchin highlighted the importance of coal in shaping communities and powering the nation, emphasizing his commitment to supporting Ramaco's initiatives in metallurgical coal production and critical mineral development [4].